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Global
New Payment Methods for Smart Cities
In 1994, Amsterdam launched an initiative entitled De Digital Stad — The Digital City. Unfortunately, this programme was discontinued in 2004. Even so, it is widely hailed as the beginning of smart cities as we know them today.
26.09.2024
9 min
Global
Key Forces Shaping the Modern African eCommerce Ecosystem
The African continent is home to a distinct eCommerce ecosystem that is extremely dynamic, diverse, and forward-looking. It is also an environment that is continuously evolving in response to various internal and external influences, which creates both opportunities and bottlenecks for its key players.
18.09.2024
4 min
Global
How Can Fintech Partnerships Boost Long-Term eCommerce Resilience?
Throughout the years, we have witnessed the growing popularity of eCommerce around the world, all despite economic fluctuations and global uncertainties. This trend affirms resilience as one of the sector’s key characteristics and presents plenty of opportunities to enhance it further through strategic collaborations.
12.09.2024
4 min
Global
A Deep Dive into the Evolution of Payment Cards
The financial landscape is evolving rapidly, with novel digital payment methods emerging continuously and cash use declining fast. Yet, even among these major shifts, debit and credit cards managed to keep their position at center stage. In fact, in 2022, global card networks facilitated a staggering 624 billion transactions, representing a 7.5% increase from 2021.
10.09.2024
4 min
Global
Asian Central Banks & India’s UPI Unite for Cross-Border Payments
India’s United Payment Interface (UPI) is set to connect with the central banks of four forward-looking Asian countries to create an instant cross-border retail payments platform. This initiative is executed under the guidance of the Bank of International Settlements (BIS) as part of Project Nexus - a set of efforts for enhancing cross-border payments.
06.09.2024
3 min
Global
Central Bank Digital Currencies (CBDCs): Prospects for Europe
Since the nineties, central banks have been exploring the possibilities of digital currency, beginning with Finland’s Avant e-money card, launched in 1993. This invention didn’t make it far past the beginning of the new millennium, but many today still view it as the first central bank digital currency (CBDC), even if it wasn’t described as such at the time.
04.09.2024
5 min
Global
Sustainable Payment Solutions: New Challenges and Opportunities
Sustainability has become something of a buzzword these days — but for good reason. Last year, the Intergovernmental Panel on Climate Change (IPCC) published a synthesis report confirming that climate change is steadily worsening, with greenhouse gas emissions having reached record levels. However, it isn’t all doom and gloom; according to the IPCC, we can still turn things around — and with the future of our planet and our species at stake, it is vital that we take the necessary action to do so now.
22.08.2024
5 min
Global
Credit Card Security Guidelines 5.0 in Japan: How to Comply?
Around the globe, card schemes and regulatory bodies are actively pursuing efforts to enhance payment security for consumers. In Japan, for instance, significant measures are being implemented with the revision of the 3-D Secure (3DS) protocol as part of the nation’s Credit Card Security Guidelines.
19.08.2024
4 min
Global
Keeping Up with Main Trends & Bottlenecks of the Mobile Payments Sector
Mobile payments combine convenience with advanced security measures and provide consumers and businesses with a reliable alternative to traditional transactions. Due to this, they are not only one of the key forces transforming the modern financial landscape but also a very promising niche that is projected to grow from $67.5 billion in 2023 to $587 billion by 2030, at a CAGR of over 36%.
15.08.2024
5 min
Global
How Can Marketplaces Address Global Expansion Challenges?
Digital marketplaces currently account for two-thirds of global online shopping volumes and have an impressive influence on the way businesses sell products and consumers make purchases. However, despite their popularity and reach, these eCommerce platforms still have plenty of untapped potential that can be unlocked by addressing some key challenges.
29.07.2024
4 min
Global
Mastercard Europe: Aiming for 100% eCommerce Tokenization by 2030
According to recent research, losses from online payment fraud are forecast to hit $91 billion by 2028. In response to this pressing issue, Mastercard announced its intention to achieve 100% eCommerce tokenization across Europe by 2030.
24.07.2024
3 min
Global
New BNPL Legislation in Australia: What Can We Expect?
In recent years, Australia has seen a significant increase in the adoption of Buy Now, Pay Later products from companies like Afterpay, Klarna, and Zip. In fact, around 40% of Australians used this payment method in the first half of 2024. Due to such rapid growth, the local government started developing new legislation to regulate the actions of BNPL service providers.
09.07.2024
3 min
